Negotiations between the EU and Norway on agricultural products: initialling of Agreed Minutes

Norwegian and EU negotiators initialled agreed minutes concluding negotiations that have been ongoing for the last three years with a view to further liberalising bilateral trade in agricultural products. The draft accord is subject to the approval of the respective authorities. This is part of the regular process of progressive trade liberalisation in agriculture foreseen by the EEA Agreement. It will allow the EU exporters to reinforce their position on the Norwegian market. The additional liberalisation represents roughly 20% of the current value of EU exports to Norway; when taking into account already existing bilateral preferences, around 60% of EU exports to Norway will be completely freed (in term of trade value).